Post Utme Covenant University 2025 Accounting Question 29

Practice objective / multiple choice question 29 from the 2025 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 29 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following journal entry: Debit: ₦20,000 to Sales Credit: ₦15,000 to Cost of Goods Sold ₦5,000 to Profit Calculate the net profit.

Answer Options

A. ₦5,000
B. ₦10,000
Correct Answer C. ₦15,000
D. ₦20,000
Correct Answer
C
Correct Option:
₦15,000

About This Question

This is Post Utme Covenant University 2025 Accounting Question 29. It is one of the objective questions from the 2025 Post Utme Covenant University Accounting examination.

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